HDFC Bank-CSC launch ‘Small Business Money Back Credit Card’ for small traders, village level entrepreneurs
New Delhi, July 18 (KNN) The private sector lender HDFC Bank and Common Services Centres (CSCs) have together launched a co-branded ‘Small Business Money Back Credit Card’ for small traders and village-level entrepreneurs (VLEs).
The credit card is specifically designed for VLEs and VLE-sourced customers. It would give users easy access to credit for their day-to-day business expenses, according to a statement.
HDFC Bank and CSC had signed an agreement in July 2018 as part of which the bank will offer various products and services in remote locations to VLEs enrolled with CSCs.
The card was launched by HDFC Bank MD Aditya Puri and CSC Chief Dinesh Kumar Tyagi. Personalised cards were handed out to a few women entrepreneurs during the occasion, the statement said.
CSCs act as access points for delivery of various services with over 3.6 lakh such centres operating across the country.
At present, as much as Rs 70,000 crore worth of business is transacted through the network of CSCs.
CSCs give a platform for essential government and public utility services and also deliver a range of social welfare schemes, financial services, education and skill development courses, health care, agriculture services and digital literacy.